April was best month in history for U.S. budget, according to CBO figures
The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and this more to pay to Uncle Sam.
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Trillion-dollar deficits come roaring back under Trump
Republicans’ tax cuts and the new spending bill Congress approved last month will send the economy surging this year to 3.3 percent growth — but will also send the deficit soaring back to the record levels of the early Obama years, the Congressional Budget Office said Monday.
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CBO: Obamacare mandate repeal would cut deficit by $338 billion
Repealing Obamacare’s individual mandate would save the government $338 billion over a decade and result in 13 million more uninsured Americans in 2027, according to a new CBO score.
Senator Says Repealing Obamacare Mandate Would Save $300 Billion Over Decade
Republican senator Tom Cotton of Arkansas said repealing the Obamacare individual mandate would save $300 billion over the next 10 years.
CBO: Premiums would jump 20 percent next year if Trump cuts off Obamacare funds
Obamacare’s gross premiums would rise by an average of 20 percent next year and 25 percent by 2020 if President Trump cuts off payments to insurers, according to an analysis released Tuesday by the Congressional Budget Office.
CBO: Surging Federal Debt Under Obama Unsustainable
The U.S. budget deficit is likely to fall by $60 billion in 2015 due to strong revenue gains, the Congressional Budget Office said on Tuesday, enabling the government to stave off default without a debt limit hike perhaps through early December.
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